Similar Stories to Those Fed Cuts Are Adding Up. Here's How Lower Interest Rates Affect Credit Card, Mortgage And Savings Rates on Bing News

A third Fed rate cut since July would shave borrowing costs on credit cards, home equity lines and other debt. Savers will be pinched.       

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BING NEWS:
  • Interest rates could be high for much longer. Here's what it means for your finances
    The prospect of high interest rates for a longer period of time could exacerbate the financial pain already imposed by elevated borrowing costs, making loans expensive even as consumers still weather ...
    05/2/2024 - 8:28 am | View Link
  • Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls
    The FOMC said that "in recent months, there has been a lack of further progress" on lowering inflation to the Fed's 2% goal.
    05/1/2024 - 7:12 am | View Link
  • The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your money
    The Federal Reserve held rates steady at the end of its two-day meeting Wednesday, delaying the start of rate cuts and any relief from sky-high borrowing costs. For consumers, it generally won't get ...
    05/1/2024 - 7:01 am | View Link
  • Fed to Signal Delay of Interest-Rate Cuts
    Federal Reserve officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans for cuts in the near future after higher-than-expected inflation. The Federal ...
    04/30/2024 - 11:59 am | View Link
  • Fed likely to hint interest rates will stay higher for longer. But how high for how long?
    The Federal Reserve meets this week for the first time since recent high inflation readings dampened hopes that the central bank would lower interest rates three ... three rate cuts had juiced ...
    04/29/2024 - 11:24 pm | View Link
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